Victoria could save nearly $500m over 10 years by scrapping greyhound racing, estimates show

The Victorian government is continuing to back the greyhound racing industry as Tasmania moves to phase the sport out. Photograph: EPA

The Victorian government could save almost half a billion dollars if it follows Tasmania in phasing out greyhound racing in the state, according to independent analysis.

A policy costing by the Parliamentary Budget Office (PBO), to be released on Thursday, estimates the government would save $451.6m between 2025-26 and 2035-36 if it stopped subsidising greyhound racing and closed the industry.